The electrical and electronics sector of Bangladesh is underdeveloped due to lack of technical knowledge and production capacity. But with the growing population and improved standards of living, Bangladesh is importing huge amounts of consumer electronics products to meet the increasing demand. The consumer electronics market in Bangladesh in order to examine the potential of Korean companies entering the Bangladesh electronics market.

The market size of the electronics industry (including both industrial and consumer electronics) is around 4 billion USD in 2017 and is expected to reach around 12 billion USD by 2025. The size of the consumer electronics market is estimated to be around 1.8 billion USD in 2016. The market size of consumer electronics products is estimated to reach around 6.3 billion USD by 2025. Currently television and refrigerator are the items with the highest demand. Demand for air conditioners has also been increasing rapidly in the urban areas of Bangladesh for the last few years. The demand for television, refrigerator, and fan is also seeing an increase in the rural areas and demand for air conditioner, refrigerator and smart TV has been registering a rise in the urban areas.

Bangladesh imported electronic products worth around 2.2 billion USD in 2016 including consumer and industrial products among which air conditioner and refrigerator were the greatest imports. Chinese products occupy the largest share (69%) of the market of imported consumer electronics products. Other main exporting countries for Bangladesh include India, Korea, Japan among some others. On the other hand, if we look at the exports of Bangladesh electronic and electrical products, the figures are negligible compared to the imports. Price and quality of the products are the two main factors considered by Bangladesh companies while selecting suppliers. It was found that companies would be interested to import more from Korea, if the Korea companies could match the price vis-à-vis the Chinese companies. Due to existing logistical linkages and transport networks, transportation costs for imports from Korea are also considered to be very low by the importers of the electronics and electrical parts and products. Furthermore, Korea can also strengthen its presence in the Bangladesh market through collaborative arrangements for knowledge sharing and technology transfer.

Korea companies are well known for Electronics manufacturing. We look forward for joint ventures with Bangladeshi companies in the field of:

  • Electronics
  • manufacturing (EMS/PCBA)
  • Sensors
  • Drones
  • Displays
  • 3D printing

We would like to build companies through either joint ventures or individual invested companies in the electronics sector in Bangladesh for domestic and export potential partnerships. Contact us with your proposals and expression of interest.

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